Getting Foreclosure removed from Experian

Getting Foreclosure removed from Experian

Why does it take so long to get items removed from Experian? I had a Bankruptsy almost 3 years ago, and I had a timeshare on the bankruptsy. It was reported as a Foreclosure and that hurt my credit worse than the Bankruptsy. I called the timeshare company and they agreed to remove the word "foreclosure" from all reports. They contacted the credit bureaus electronically to remove this. It was never reported on Trans Union so no problem there, Equifax removed it immediately, but Experian is taking their sweet time. It has been over 2 weeks since this was sent, so I filed a dispute with Experian hoping that would hurry them along (the timeshare company recommended doing this, thinking this would hurry the process along) still nothing. I am trying to buy a house and the banks have told me that as soon as this is removed, we should be able to move forward. Meanwhile I am afraid the house I want will be sold before Experian gets in gear and gets this taken care of. Any ideas of how to move them along?

Re: Getting Foreclosure removed from Experian

I have never seen/heard of an account updating while in dispute. Chances are, if you hadn't disputed, it would have updated within the next week or so.

When you dispute an account it basically "freezes" the account until the dispute is over.

They have 30-45 days to "investigate".

I would NOT call them or contact them until their time is up.

cupcake616 wrote:

Why does it take so long to get items removed from Experian? I had a Bankruptsy almost 3 years ago, and I had a timeshare on the bankruptsy. It was reported as a Foreclosure and that hurt my credit worse than the Bankruptsy. I called the timeshare company and they agreed to remove the word "foreclosure" from all reports. They contacted the credit bureaus electronically to remove this. It was never reported on Trans Union so no problem there, Equifax removed it immediately, but Experian is taking their sweet time. It has been over 2 weeks since this was sent, so I filed a dispute with Experian hoping that would hurry them along (the timeshare company recommended doing this, thinking this would hurry the process along) still nothing. I am trying to buy a house and the banks have told me that as soon as this is removed, we should be able to move forward. Meanwhile I am afraid the house I want will be sold before Experian gets in gear and gets this taken care of. Any ideas of how to move them along?

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IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.